Tags: rbi

The central question in India's journey, today, is that of constructing State capacity. How should laws, agencies, processes and accountability be designed, to engender high performance? In a recent speech titled Democracy, inclusion and prosperity, Raghuram Rajan talks about the more »

Written by Sanjeev Kulkarni "The Taming of the Shrew", a comedy by William Shakespeare, depicts the courtship of Petruchio, and a headstrong Katherina. She is subjected with various psychological torments-the "taming"-until she becomes a compliant and… more »

by Ajay ShahFirst posted at Ajay Shah’s Blog October 15, 2011 A lot is being written about inflation in India today. I thought it's worth writing about the fascinating insights into inflation that come from focusing on the distinction between… more »

Despite ten successive hikes in key policy rates, spread over 18 months, the Wholesale Price Index (WPI) continued to hover above 9% p.a. RBI Governor D. Subbarao's best monetary efforts to control prices had come to a naught. Therefore, he did a repeat of the May policy action of a double whammy and increased repo rates by a stupendous half percent. more »